Form 4: GAN Ltd. Chief Legal Officer Sylvia Tiscareno Reports Share Transactions

Sylvia Tiscareno, Chief Legal Officer of GAN Ltd, reports the settlement of Restricted Stock Units (RSUs) into ordinary shares and subsequent tax withholding.

Summary

• On March 23, 2024, Sylvia Tiscareno, Chief Legal Officer of GAN Ltd, settled 56,170 Restricted Stock Units (RSUs) into ordinary shares.
• The settlement involved two tranches of RSUs: 30,000 RSUs originally granted on March 23, 2023, and 26,170 RSUs originally granted on August 1, 2023.
• Following the settlement, 16,642 ordinary shares were withheld by GAN Ltd. at a price of $1.31 per share to cover tax obligations.
• After these transactions, Tiscareno directly owns 107,452 ordinary shares and holds 90,000 RSUs from the March 23, 2023 grant and 78,509 RSUs from the August 1, 2023 grant.
• The remaining RSUs will vest annually on March 23rd until March 23, 2027.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The remaining RSUs will vest as to 25% annually on each of the anniversary dates of the award, and will be 100% vested on March 23, 2027.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction impacts shareholders by increasing the number of outstanding shares, although the effect is likely minimal given the size of the transaction relative to the company's overall share count.
• The transaction impacts the reporting person, Sylvia Tiscareno, by increasing her direct ownership of company shares and affecting her tax obligations.

Key Dates